international relations
- Market
Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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Abortion-rights vote fails in Senate as Democrats try to codify Roe v. Wade
A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone…
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Elon Musk says he would remove Twitter’s ban on Donald Trump
Elon Musk said he would reverse Twitter ban on former President Donald Trump. “I do think that it was not…
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Former global leaders urge U.S. to commit $5 billion to global COVID battle, urge Biden to take more forceful role at Thursday summit
A group of former global leaders, among them Gordon Brown, the U.K. prime minister from 2007 to 2010, is calling…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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Weaponising financial services poses new threat to City exports
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine have not had quite the devastating impact on the…
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How Ukraine is winning the soft power struggle
Joseph S Nye Jr is a professor at Harvard University and author of Do Morals Matter? Presidents and Foreign Policy…
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New York Gov. Hochul tests positive for COVID, as two omicron subvariants spread across Empire State
New York Gov. Kathy Hochul tested positive for COVID-19 on Sunday, becoming the latest political leader to contract the SARS-CoV-2…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
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Putin: Campaign in Ukraine forced, necessary
MOSCOW — Russian President Vladimir Putin has sought to cast Moscow’s military action in Ukraine as a forced response to…
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Boris Johnson’s Conservative Party nurses wounds after losing key seats in London
The Conservative Party is nursing its wounds after losing some key Tory strongholds. Battered by scandals including ‘Partygate’ and amid…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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Antony Blinken to affirm China as main U.S. rival
When much of the global focus is on Russia’s war with Ukraine, the Biden administration is preparing to refresh the…
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Binance chooses Paris as its European trading hub
Binance, the world’s largest crypto exchange, is planting a foot in Paris as it seeks to establish itself as a…
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Why Brexit, Covid and the Ukraine war are spurring calls for a European banking union
A renewed push by top policymakers has raised the prospect that progress towards an EU banking union could soon be…
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U.S. trade deficit jumps 22% and tops $100 billion for the first time ever
The numbers: The U.S. trade deficit leaped 22% in March and topped $100 billion for the first time ever, reflecting…
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Hendrik du Toit: Russia sanctions could prove an ‘expensive decision’ for the West
Hendrik du Toit, one of the City’s longest-serving fund management chief executives, has warned that “weaponising finance” to punish Russia…
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Banks’ post-Brexit ‘desk-mapping’ review will end up being a damp squib, City predicts, as finish line nears
A major review into how UK banks structure their operations in the EU after Brexit could end in an anticlimax,…
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Browder calls on UK to ban travel for US ‘enablers of Putin’
Hedge-fund founder Bill Browder says he plans to pressure British MPs and the UK government to take action against lawyers in the US…
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EU proposes phasing out Russian oil within six months in sixth round of sanctions
BRUSSELS (AP) — The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from…
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The City has a bright future after Brexit, if we take some tough decisions
David Wighton is a columnist for Financial News City types who are relatively relaxed about Brexit’s impact on financial services…
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Trump-backed JD Vance wins Ohio Republican Senate primary
COLUMBUS, Ohio — Bestselling author JD Vance has won Ohio’s contentious and hyper-competitive GOP Senate primary, buoyed by Donald Trump’s endorsement in…
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Supreme Court intends to overturn Roe v. Wade in draft decision, Politico reports
In a massive but not entirely unexpected blow to abortion rights, the U.S. Supreme Court intends to strike down the…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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Russia Sanctions Complicate Paying Ransomware Hackers
The nearly nonstop series of new U.S. sanctions being levied in a bid to halt Russia’s war machine have complicated…
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Fauci says U.S. ‘out of the pandemic phase,’ but COVID will never be fully eradicated
““We are certainly right now in this country out of the pandemic phase. Namely, we don’t have 900,000 new infections…
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CFTC’s Rostin Behnam: Regulators need to act collectively on digital assets
Commodity Futures Trading Commission chair, Rostin Behnam told an audience at the City Week conference that regulators globally need to…
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U.S. stocks attempt bounce after Nasdaq’s biggest dive since 2020
U.S. stocks traded higher early Wednesday, with investors sizing up a mixed batch of results from Boeing Co., Microsoft Corp.…
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Russia releases U.S. Marine Corps veteran Trevor Reed in prisoner exchange
WASHINGTON (AP) — Russia and the United States carried out a dramatic prisoner exchange on Wednesday, trading a Marine veteran…
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Pentagon Taps Lyft’s Machine-Learning Chief
The Defense Department has named a Silicon Valley veteran to fast-track the development of artificial-intelligence capabilities to be used by…
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Lael Brainard confirmed to be Powell’s No. 2 at Fed
Lael Brainard, who worked her way up the ladder of successive Democratic administrations, was confirmed by the Senate Tuesday to…
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President Biden grants first pardons and commutations of his term
WASHINGTON (AP) — President Joe Biden has granted the first three pardons of his term, providing clemency to a Kennedy-era Secret…
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Jason Furman: This inflation is driven by strong demand, not kinks in supply chains
Jason Furman, a former chair of President Barack Obama’s Council of Economic Advisers, is professor of the practice of economic…
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Why audit and consulting firms are battling to pull out of Russia
Soon after Russia invaded Ukraine, global auditing and consulting firms promised to leave the country. For some, the departure is…
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Philadelphia scraps indoor face-mask mandate just days after reimposing it, while cases are rising again in 40 states
Philadelphia is ending its indoor face-mask mandate just days after reimposing it with health officials saying it’s no longer needed…
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U.S. Taps Industrial and Cyber Firms for Help Amid Warnings of Russian Hacks
The Department of Homeland Security on Wednesday added several industrial and cybersecurity firms to a program aimed at thwarting hacks…
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CDC says face masks are still needed to protect the public, and WHO says omicron accounts for 99.5% of global COVID cases
The Justice Department has filed an appeal seeking to overturn a federal judge’s ruling that ended the face-mask mandate on…
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Plane carrying Army parachute team causes evacuation scare at U.S. Capitol
WASHINGTON — The U.S. Capitol was briefly evacuated Wednesday evening after police identified an aircraft that they said posed “a…
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At CDC’s request, Justice Department to appeal ruling voiding mask mandate
WASHINGTON — The Justice Department is filing an appeal seeking to overturn a judge’s order that voided the federal mask…
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Face-mask issue remains hot COVID topic as poll finds most Americans support their use on public transport and DoJ awaits CDC’s decision
A new survey has found that most Americans still support wearing face masks on airplanes and other shared public transportation,…
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Carter-Ruck, CMS lawyers should face US visa bans over Russia work, says US congressman Steve Cohen
A US congressman has called for UK libel lawyers from law firms such as CMS, Carter-Ruck and Harbottle & Lewis…
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Fragmenting and exploiting Europe is key to Putin’s economic world war
Antonia Colibasanu is chief operating officer of Geopolitical Futures. As momentous as Russia’s invasion of Ukraine is, the most strategically important event…
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War in Ukraine will lead to a significant slowdown in global economy, IMF says
The International Monetary Fund on Tuesday said the war in Ukraine will lead to a significant slowdown in global economic…
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The IRS has already issued 70 million refunds — here’s how you can check on yours this Tax Day
It’s Tax Day for most Americans, which is the deadline to pay off any income taxes owed and either submit…
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CDC to extend travel mask requirement for 2 weeks amid rising COVID cases
WASHINGTON (AP) — The Biden administration will extend for two weeks the nationwide mask requirement for public transit as it…
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Yellen says not impossible for Fed to engineer soft landing for U.S. economy
U.S. Treasury Secretary Janet Yellen on Wednesday said the Federal Reserve would need luck and skill to maintain a strong…
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White House eyes pick for top banking regulator role
Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top…
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Johnson and Sunak to be fined over lockdown parties
LONDON (AP) — U.K. Prime Minister Boris Johnson’s office said Tuesday he will be issued a fine for breaching COVID-19…
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Boris Johnson and Rishi Sunak to receive fines over lockdown parties
British Prime Minister Boris Johnson and Chancellor Rishi Sunak will be fined by UK police for breaking Covid-19 lockdown rules,…
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